EX-5.1 2 ex-5_1.txt EXHIBIT 5.1 EXHIBIT 5.1 OPINION OF COOLEY GODWARD LLP August 2, 2000 InterNAP Network Services Corporation 601 Union Street, Suite 1000 Seattle, WA 98101 Ladies and Gentlemen: You have requested our opinion with respect to certain matters in connection with the filing by InterNAP Network Services Corporation (the "Company") of a Registration Statement on Form S-8 (the "Registration Statement") with the Securities and Exchange Commission (the "Commission") covering up to 9,831,738 shares of the Company's Common Stock, $.001 par value (the "Shares"), for issuance (i) pursuant to the Company's 1999 Equity Incentive Plan, 1999 Employee Stock Purchase Plan and 2000 Non-Officer Equity Incentive Plan (collectively, the "Plans"), and (ii) upon the exercise of outstanding options granted under the Plans (the "Options"). In connection with this opinion, we have examined and relied upon the Registration Statement and related Prospectus, the Company's Articles of Incorporation, as amended, and Bylaws, as currently in effect, and the originals or copies certified to our satisfaction of such records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness and authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies thereof and the due execution and delivery of all documents where due execution and delivery are a prerequisite to the effectiveness thereof. On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued in accordance with the Registration Statement, the Plan and the options to be granted thereunder will be validly issued, fully paid and non-assessable. We consent to the filing of this opinion as an exhibit to the Registration Statement. Very truly yours, COOLEY GODWARD LLP By: /s/ Christopher W. Wright ----------------------------------------- Christopher W. Wright